Latest news with #cash flow
Globe and Mail
a day ago
- Business
- Globe and Mail
AEM's Solid Cash Flow Driving Investor Returns: Can It Deliver More?
Agnico Eagle Mines Limited AEM is capitalizing on robust free cash flow to aggressively enhance shareholder value through dividends and share repurchases. In 2024, the company generated a record operating cash flow of roughly $1.1 billion and solid free cash flow of $570 million, and returned about 43% of free cash flow to shareholders via dividends and share repurchases. Last year, it returned nearly $1 billion to its shareholders. In the first quarter of 2025, AEM delivered a robust free cash flow of $594 million and returned around 42% of that through dividends and buybacks. The company, on its first-quarter call, said that it sees potential to further increase shareholder returns and be more active on the share buyback front, considering the strong gold price environment and solid cash generation. AEM is executing a well-defined capital allocation policy using its substantial cash generation to drive shareholder value, fund a strong pipeline of growth projects, and pay down debt. With gold prices holding firm and cost discipline intact, AEM remains well-placed to continue this shareholder-focused strategy. Among its peers, Barrick Mining Corporation B has a solid liquidity position and generates healthy cash flows, positioning it well to take advantage of attractive development and exploration opportunities and drive shareholder value. Barrick returned $1.2 billion to its shareholders in 2024 through dividends and repurchases. Barrick's board, in February 2025, authorized a new program for the repurchase of up to $1 billion of its outstanding common shares. It repurchased shares worth $143 million under this program during the first quarter. Newmont Corporation NEM has already delivered $1 billion to its shareholders through dividends and share repurchases since the beginning of 2025. Newmont generated a record free cash flow of $1.2 billion in the first quarter, reflecting strong financial health supporting growth initiatives and shareholder returns. Newmont is well-placed to strengthen its balance sheet and continue returning capital to its shareholders following the completion of its divestment program. The Zacks Rundown for AEM Agnico Eagle's shares have rallied 64.5% year to date against the Zacks Mining – Gold industry's rise of 54.2%, driven by the record-setting upside in gold prices. From a valuation standpoint, AEM is currently trading at a forward 12-month earnings multiple of 19.02, a roughly 52.6% premium to the industry average of 12.46X. It carries a Value Score of C. The Zacks Consensus Estimate for AEM's 2025 and 2026 earnings implies a year-over-year rise of 55.3% and 5.3%, respectively. The EPS estimates for 2025 and 2026 have been trending higher over the past 60 days. AEM stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM): Free Stock Analysis Report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Barrick Mining Corporation (B): Free Stock Analysis Report
CNA
17-07-2025
- Business
- CNA
Britain's Ocado says priority is to turn cash flow positive in 2025/26
LONDON :Ocado, the British online supermarket and technology group, said its priority was to generate cash, rather than consume it, in its next financial year, as it reported a 76.5 per cent rise in underlying earnings in its first half. The group runs an online supermarket through a joint venture with Marks & Spencer, though its value is mainly driven by the sale of its cutting-edge robotic warehouse technology to retailers around the world. It said on Thursday its core priority was to turn cash flow positive during its 2025/26 year - which starts in December - by reducing its costs, and be full year cash positive in the following year. Shares in Ocado have fallen 35 per cent over the last year, reflecting market anxiety at the pace of new site openings for its existing grocery retail partners and a lack of technology deals with new partners. The group said it made adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), its preferred measure, of 91.8 million pounds ($122.9 million) in the first half of its 2024/25 year, up from 52.0 million in the previous corresponding period. Revenue rose 13.2 per cent to 674 million pounds. Ocado said its expectations for the full year were unchanged. ($1 = 0.7468 pounds)
CNA
20-05-2025
- Business
- CNA
Some Singapore firms on 'life-support mode' amid crippling US tariffs: ASME's Ang Yuit
Some Singapore companies are shelving expansion plans amid crippling US tariffs. The Association of Small & Medium Enterprises said some firms are on "life-support mode", while one non-bank lender said there are warning signs of cash flow instability. Funding Societies has seen a 15% dip in loan requests and submissions, adding that firms are also hesitant to take on loans as they reconsider their cash flows to stay afloat.
